Sandstorm Gold (SSL) Gets a Hold Rating from CIBC


Yesterday, an analyst has provided a rating update for Sandstorm Gold (SSL). Analyst Cosmos Chiu from CIBC remains neutral on the stock and has a C$7 price target.

According to TipRanks.com, Chiu is a 4-star analyst with an average return of 5.9% and a 47.5% success rate. Chiu covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Osisko Gold Royalties Ltd, and Detour Gold Corporation.

Sandstorm Gold has an analyst consensus of Hold, with a price target consensus of C$7, implying a 15.9% upside from current levels. In a report issued on January 7, Scotiabank also downgraded the stock to Hold.

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The company has a one-year high of C$6.95 and a one-year low of C$4.60. Currently, Sandstorm Gold has an average volume of 430.8K.

Sandstorm Gold Ltd. engages in the acquisition of gold and other metals purchase agreements and royalties. It operates through the following segments: Bachelor Lake, Black Fox, Bracemac-McLeod, Chapada, Diavik, Hounde, Karma, Ming, Santa Elena, and Yamana Silver Stream.

The company’s shares closed on Monday at C$6.04.

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